Chegg Q4 Sales $188M Beat $187.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chegg (NYSE:CHGG) reported Q4 sales of $188.00M, missing the consensus estimate of $187.35M by 100.00%. This represents a 100.00% decrease from the $205.19M sales reported in the same period last year.
February 05, 2024 | 9:07 pm
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NEGATIVE IMPACT
Chegg reported Q4 sales of $188.00M, missing the consensus estimate of $187.35M by 100.00%, and a significant decrease from last year's sales.
The reported sales miss and significant year-over-year decrease are likely to negatively impact investor sentiment and could lead to a short-term decrease in Chegg's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100